Replies to post #34695 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Sparks111111]

1 gram of gold on Shanghai is now worth 240.9

Do the math...it's like 1217 USD

[trdwatch]

If the math is correct and not just a ghost in the machine, my opinion is they would be looking for long term contracts with the larger/largest producers. They don't care about the little guys. Right now everything just seems to be upside down.

[the cork]

I'm not the best guy to ask, 123tom. All I know is, if you want to walk out the door with an ounce of gold, the SGE will tell you what the price of that ounce is, and in the immortal words of the great one, .....
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